H&T May Recover After Rival Pawnbroker’s Warning: London Mover
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H&T Group Plc, the pawnbroker that fell the most in 10 months yesterday after rival Albemarle & Bond Plc issued a profit warning, should recover as its store portfolio matures, according to Westhouse Securities.
“H&T’s core pawnbroking operation is continuing to progress,” Rob Sanders, an analyst at Westhouse who recommends buying the stock, wrote in a note today. “Our investment case for H&T is predicated on an increase in profit and cash generation as its store portfolio matures. The investment case is still very much intact.”